Paolo Ardoino on Tether (USDT) Getting Painted as Black Sheep

Paolo Ardoino:  “For years, Tether truthers and MSM have been painting Tether as the black sheep. While they were creating, feeding and caressing their industry gods, they were in fact using Tether as a distraction from their own failures.

They first said that Tether did not have any reserves. And Tether proved them wrong. They then said that Tether had 70% reserves invested in Evergrande. Tether proved them wrong again.

Next, they said Tether had worthless garbage commercial papers and that Tether would never be able to sell them. Yet again Tether proved them wrong. Tether promised in 2021 that it would reduce CP to 0 and sure enough, CP were reduced to 0, without a single loss, just profits!

They went on to say Tether could not sign a big accounting firm to work on its attestations. And Tether proved them wrong, signing BDO, a top 5 ranked accounting firm. Now truthers and MSM are desperately raising FUD about Tether’s secured loans.

They have tried to suggest that Tether is making the same gross risk management mistakes that truthers and MSM had failed to see in their gods. In fact, Tether secured loans are covered by extremely liquid assets, not pinky swear collateral.

Tether will once again demonstrate the deep care that it has and always will have for the community and for the bitcoin industry. As we did with CP, Tether will progressively reduce its secured loans program to 0, starting from now, throughout 2023.

So let’s see what FUD they throw at us next. Just don’t ask Tether to be the socket puppet of Wall Street. That’s covered extremely well by our competitors. We’ll keep focusing on emerging markets and all those communities in developing countries that banks gave up on.”

Social Media FUD on Tether (USDT)

The top Tether holder is Tether. There are several conspiracy theories which promote the idea that some other exchanges are top holders of Tether.  The reality is that Tether is still in the top and stable. The reason why people are holding on to Tether is because they do not want to hold their native currency.

People want to be able to enter and exit the cryptocurrency trading process as quickly as possible. USDT is convenient for that and therefore they hold it.

Huge accusation and interesting conspiracy, which is unlikely to happen is often spread by USDT haters for no reason.

Tether Microstrategy And Bitcoin

Also, FUDers claim that If Tether crashes, Microstrategy will liquidate its Bitcoin position.  Thus, creating an enormous dominos effect in the market. Also, many claim Bitcoin will probably reach $5k if Tether crashes.

Tether and Almeda

While some people claim that Almeida was the biggest receiver of USDT and that it tells all one needs to know.  USDT supporters have to state that USDT is too popular and that there will always be buyers.

Baseless FUD about Tether being manufactured 24 x 7